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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: April 12, 2000
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(Date of earliest event reported)
MetLife, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-15787 13-4075851
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
One Madison, New York, New York 10010-3690
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 578-2211
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Item 5. Other Information.
On April 12, 2000, MetLife, Inc., a Delaware corporation issued a press
release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Item 7. Exhibits.
99.1 Press Release of MetLife, Inc., dated April 12, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned there unto duly authorized.
METLIFE, INC.
By: /s/ Gwenn L. Carr
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Name: Gwenn L. Carr
Title: Vice-President and Secretary
Date: April 13, 2000
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EXHIBIT INDEX
Exhibit
Number Exhibit
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99.1 Press Release, dated April 12, 2000.
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Exhibit 99.1
Contacts: For Media: Kevin Foley
(212) 578-4132
For Investors: Eric Steigerwalt
(212) 578-8670
METLIFE, INC. OVER-ALLOTMENT CLOSES
Sales Program for MetLife Policyholder Trust Commences
NEW YORK, April 12, 2000--MetLife, Inc.
(NYSE:MET) announced today that it issued an additional 30,300,000 shares of
common stock as a result of the exercise of the over-allotment options granted
to the underwriters in the initial public offering. Including the over-allotment
proceeds of $412 million, net proceeds of the company's initial public offering
were $4.8 billion.
The lead underwriters for the offering were Credit Suisse First Boston and
Goldman, Sachs & Co.
Beginning today, MetLife policyholders who have MetLife, Inc. common stock held
for their benefit in the MetLife Policyholder Trust may have their shares sold
through the commission-free purchase and sale program. Under the demutualization
plan, beginning on July 7 these policyholders, subject to certain restrictions,
may purchase additional shares on a commission-free basis to be held in the
trust. As permitted by Metropolitan Life Insurance Company's demutualization
plan, MetLife, Inc. may, from time to time, purchase shares that are sold
through the purchase and sale program.
MetLife, Inc. now has 786,766,664 shares outstanding. With approximately nine
million shareholders, MetLife, Inc.'s stock is the most widely held in North
America.
This press release shall not constitute an offer to sell or the
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solicitation of an offer to buy, nor shall there be a sale of these securities
in any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state or jurisdiction.
MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of
insurance and financial services to individual and group customers. Its member
companies, with $418.8 billion of assets under management as of December 31,
1999, on a pro forma basis (including the acquisition of GenAmerica
Corporation), serve approximately nine million individual households in the U.S.
and 33 million employees and members of companies and institutions. It also has
international insurance operations in 10 countries.
# # #
This release contains statements which constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are not guarantees of future performance and involve
risks and uncertainties including: changes in interest rates, decline in
securities markets and the effect of sales on investment products and on our
investment portfolio, competition, litigation, failure to attract and retain
sales representatives, differences between actual claims experience and
underwriting and reserving assumptions, occurrence of catastrophes, downgrade of
our ratings or the ratings of our subsidiaries or affiliates, changes in state
and federal regulation, risks related to the demutualization of Metropolitan
Life Insurance Company, including a challenge to the plan of reorganization or
the order of the New York Superintendent of Insurance, "Year 2000" issues and
the risk factors listed from time to time in our Securities and Exchange
Commission reports. Actual results may differ materially from those described or
implied herein as a result of various factors, many of which are beyond our
control.
